A financial system that benefits everybody is what crypto needs to survive

^{Cointelegraph.com}

Times like this point us back to what the supposed focus of projects building on crypto should carry. Along the line, many had lost sight of what the basis of cryptocurrency and blockchain is and so this has significantly affected what people built and what people utilized.

The worst that can happen is for cryptocurrency users and network builders to forget what the ecosystem system stands for. For clarity, we're looking at a "Value network" of users, this could mean so much but primarily, the made-up structures allow decentralized distribution of value, the phrase peer to peer earns relevance in this context and the ability to build over the base layer and scale becomes the second important piece of the puzzle.

The lack of this in the majority of the highly valued ecosystems is showing off to be pretty damaging and the numbers are bound to get higher if not given close consideration. Projects going bankrupt is one thing, but cryptocurrency as a "peer-to-peer" money-losing to centralized "digital currencies" is even worse.

Centralized Crypto exchange tokens

I am guilty of having invested in one of these tokens, and I'd say this was majorly influenced by how Binance bnb turned out to appreciate in price, and can boldly say that it sure could be the same reason for the majority of exchange tokens investors, not even the reduced trading fees, most people care less about that, me inclusive.

I took a bet on Okex some months back as the platform seemed pretty legit with skins in the business for the long run, but then, following the discovery that this exchange operated token exchange tokens, it became disturbing as I fully understood how dual token systems suffer to gain traction and scale so, I saw it as a huge red flag. In fact, I consider most projects and tokens sponsored on these exchanges to be in-house creations, meaning that these exchanges are:

• Creating numerous projects and promoting them to increase eyes and volumes - whilst acting like they are not connected to the projects.

• Infinitely printing money out of thin air with these projects - via token creation, marketing and sales.

Rinse and repeat.

But that isn't even the worst, there is obviously more being done under the mats that we aren't aware of and it goes to prove why the number of cryptocurrency projects and tokens are increasing uncontrollably with no tangible utility structures built around them, just same old models copied and made to appear different and unique.

These are the companies mostly behind it - I mean, the resources and team players are there.

The everybody gets a dollar system

We as Hive users understand the value of "incentivization" more than any other community in the cryptocurrency ecosystem, this is because we breathe and live on it - the entire Hive structure is based on it, and this is why the majority of what is being deployed accordingly can be comfortably shilled as "sustainable" given that so much is taken into consideration.

When a system is built to reward all its participants according to the efforts put in, not based on status or whatsoever that keeps the average Joe away, there's no limit to what can be achieved, and this is why truly robust DeFi and Web 3 Social is native of the Hive blockchain.

Crypto projects need to mirror this model to make the ecosystem and its economy healthier, incentivization of all users over then centralization of value streams via fraudulent models that seem right at first glance.

Thank you and please leave a comment, your thoughts matter to me

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